Bloomberg Sears Holdings Corp. rallied after posting its first quarterly profit since 2015, bringing a ray of optimism to a retail chain struggling to regain its relevance. First-quarter net income amounted to $244 million, compared with a loss of $471 million a year earlier. The gain reflects efforts by Chief Executive Officer Eddie Lampert to sell assets and raise cash. …

Dubai / Emirates Business The Dubai Airport Freezone Authority (DAFZA) performed exceptionally well in Q1 2017, achieving 62 percent of its total annual sales target. This was accompanied by an increase of 7 per cent in sales revenues over Q1 2016. The freezone also posted a significant 31 per cent growth in the number of its registered companies, as compared …

DUBAI / WAM Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Under-Secretary of the UAE’s Ministry of Economy, has met with Farid Amin, Chairman of the Canada-UAE Business Council (CUBC) to discuss developing economic and trade relations between the two countries, and encouraging private sector participation. During the meeting, the two sides discussed the role of the Council in communicating with …